Guideline Value for Pudukarai ( Nadu Street)

Pudukarai ( Nadu Street) guideline value

The current guideline value of Pudukarai ( Nadu Street) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Town village, under the Chengleput Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Pudukarai ( Nadu Street) has changed

The guideline value of Pudukarai ( Nadu Street) has seen several revisions over the years. In 2007, the guideline value was Rs 450 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 344%. However, in 2017, the value dropped to Rs 1,340 per sq.ft, a decrease of 33%. The subsequent revision in 2023 raised the value to Rs 2,000 per sq.ft, followed by another increase to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value rose by 49%. Overall, from 2007 to 2024, the guideline value has increased by 389%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Chengalpattu Town

In Chengalpattu Town, there are 55 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value is Rs 3,025 per sq.ft, making the 2024 figure for Pudukarai ( Nadu Street) below this median.

• Pudu Eri: Rs 2,420 per sq.ft (2024)
• Ragavanar Street: Rs 3,025 per sq.ft (2024)
• Rajaji Street: Rs 5,500 per sq.ft (2024)
• Pillaiyar Kulam Street: Rs 4,125 per sq.ft (2024)
• Rajeswari Vedachalam Street: Rs 3,850 per sq.ft (2024)
• Periyamaniyakara Street: Rs 4,125 per sq.ft (2024)

Stamp duty and registration fee for property in Pudukarai ( Nadu Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pudukarai ( Nadu Street)?

The Chengleput Joint I Sub Registrar Office covers Pudukarai ( Nadu Street). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Chengalpattu Town

The guideline value plays a crucial role in the registration process when buying or selling property in Chengalpattu Town. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers, as it impacts the overall cost of property transactions. It is advisable to check the latest guideline values to ensure compliance with registration requirements and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pudukarai ( Nadu Street)?

The current guideline value of Pudukarai ( Nadu Street) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 389% over this period.

What are the other streets in Chengalpattu Town and their guideline values?

Other streets in Chengalpattu Town include Pudu Eri at Rs 2,420 per sq.ft, Ragavanar Street at Rs 3,025 per sq.ft, and Rajaji Street at Rs 5,500 per sq.ft, among others.

Where can I find the Chengleput Joint I Sub Registrar Office?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 22,00,000 would incur a stamp duty of Rs 1,54,000.